US EditionMattel says Trump tariffs might affect cost of Barbie, Hot Wheels
- Mattel executives stated that new tariffs imposed by President Donald Trump could lead to higher prices for toys like Barbie and Hot Wheels.
- The toy industry sources about 80% of its goods from the region affected by the tariffs, which could significantly impact costs.
- Mattel is considering various actions, including leveraging supply chains and potential price increases, to mitigate the effects of the tariffs.
- DiSilvestro emphasized that Mattel officials always consider consumers when changing prices and collaborate with retail partners to maintain balance.
27 Articles
27 Articles
Mattel CFO warns about price changes to popular toys like Barbie and Hot Wheels
MATTEL could soon increase the cost of its most popular toys as it considers a new plan in the coming years. Consumers would pay more for favorites like Barbie, Hot Wheels, and Fisher-Price items. MattelMattel CFO Anthony DiSilvestro (pictured) has noted the company is considering a price uptick[/caption] GettyConsumers could soon pay more for favorites like Hot Wheels and Barbie[/caption] The potential move from the toymaker comes as it conside…
Fox Business
The New York LedgerMattel considers raising prices on toys to mitigate tariff impact
Mattel is looking at potentially upping toy prices as part of its efforts to mitigate President Donald Trump’s tariffs on imports from China, Mexico and Canada. Over the past weekend, the president signed executive orders seeking to bring a 10% levy on imports from China and a 25% tariff on imports from Mexico and Canada. The tariff against China went into effect on Tuesday; however, the Trump administration paused the levies against America’s n…
The giant Mattel is considering this possibility due to the customs tariffs imposed on China.
Mattel shares spike 15% after toy giant says it will raise Barbie prices because of China tariffs
Mattel shares surged more than 15% after the toy giant said it's weighing price increases for Barbie and other iconic brands because of President Trump's tariffs on Chinese goods.
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